**Amazon (AMZN): Recent Bullish Trend**
In the last five hours of trading, Amazon (AMZN) has displayed a clear bullish trend. The stock's price surged, driven by strong buying momentum and positive news surrounding the company's expanding e-commerce ventures and cloud computing dominance. Technical indicators like the Moving Average Convergence Divergence (MACD)...
Amazon appears to be putting in another failed high that is about the same high as the previous attempt. I would expect a drawdown to test supports. Not sure but this thing is looking ready to fall off a cliff
Pennant here to close gaps..
Gaps are at.129.46 , 131.30 and lastly 135..
I think the first two gap close will come easily. 135 will be a tough gap, I'd wait for a push over 132.50 for to long the final gap close.
Entry
128
Stop loss 126.50
2 steps for Bullish Scenario with T1S Indicator:
1. Candles Above the Green Line:
• Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum.
2. Bars Above Zero:
• Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or...
NASDAQ:AMZN broke down from the rising wedge. The full measured move for the breakdown is $113, coincidentally aligning with the 200DMA. Can it reach that level?
$121 could provide support and serve as a potential reversal area. 👀
The drawdown visualisation is a great tool to determine the characteristic of previous and current market conditions in whatever asset you are looking it.
Here I have drawn up AMZN priced in CPI index units rather than notional US Dollar's.
For what purpose do people allocate money to equities... but to grow a nest-egg for the your future.
But timing is...
After the SOW (sign of weakness) the Wyckoff Distribution Events goes in its last phase.
LPSY—last point of supply.
After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand...
Price fell from the bearish rising wedge a while back.
Earnings toward end of October.
Structure that is wedge shape and is forming up, which is against the most current trend which was down.
Flags and pennants are neutral until broken and can break up or down.
Gap overhead.
No recommendation
AMZN confirms a bearish breakout on the bullish channel formed. Here we see the price respected the major resistance and followed up a bearish sentiment which has caused the price to show up a breakout on the structure formed. We expect a decent price decline back towards the daily support created on the bottom.
Price played out nicely from my last analysis, giving us a 10.51% move to the downside, taking all the objectives. Right now, I'm expecting a continuation lower into the bullish OB at 118.60. Price could make a bullish retracement to fill the FVG above if it's unable to break the lows at 123.04, before going lower.
Amazon / AMZN has paused the aggressive rally since the start of the year and is testing the 1week MA100 as Support.
Being around the 0.618 Fibonacci level, a similar pattern where the 1week MA100 was supporting, emerged in 2007 and 2009.
You can see that it is the same sharp recovery formation, which after an aggressive rise, it accumulated on the 1week MA100...
It's quite interesting because there's a gap that hasn't been recharged yet!!! In theory, it should recharge, but I don't think it will happen now; we will go down first, and then the recharge might come later. So, be cautious with the entry. Those with less money should wait for the recharge and only then get in."
Sell idea on AMZN as you see on the chart because we have the breakout with force the vwap indicator by a big red candle follow by a large red volume.Thanks.
Amazon - 30d expiry - We look to Sell a break of 123.86 (stop at 129.66)
Short term bias has turned negative.
Short term momentum is bearish.
The trend of higher intraday lows has also been broken.
125.92 has been pivotal.
Our bespoke support of 126.00 has been clearly broken.
A break of the recent low at 124.13 should result in a further move lower.
Our...
Hello traders. There is a great investment opportunity in Amazon shares. With a downtrend break. And break the ascending triangle pattern. Likewise, breaking the resistance at level 104. These are all factors confirming the strong entry of buyers into this giant stock .Note: If you like this analysis, please give your opinion on it. in the comments. I will...
Looking for a pop back up to 132 ..
Eventually looking for a break below 127 and the next leg down.
Stop loss 126.00
It could break over 132 and 135 gap close but for now 132 is the move
After the Fed signaled last week that rates may be higher for longer than expected, the US stock market has received a strong bearish boost. And among the most vulnerable assets were technology stocks (considered risky). The NASDAQ index has already fallen by about 6% since last Wednesday (when the FOMC meeting took place). And the negative backdrop from the Fed...
